Daily market overview DXY, XAUUSD, OIL, S&P500, DAX, EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN, ETHEREUM
Click on the chart image to enlarge it
DXY-USDollar index
The instrument is bouncing from the key support 88-88.50 zone and we could see a depper pullback into the broken downside resistance 90.80 level again. The break above 90.50 is required for an upside continuation into the 93 level.
XAUUSD-GOLD
The instrument is testing again the horizontal support 1300 level after the rejection from 1350 level. We could see a test of the 1290-1300 zone if we get a break below the 1300 level.
OIL
The instrument is going for another retest of the broken uptrend line 63.57-64 zone. For a continuation to the upside we need to see a daily close above this zone. We have a rejection from the 63.500-65 zone and we could see a test of 55.875 soon.
DAX
The instrument was rejected by the 12435 level and is going lower to test the 100 SMA 11692 level. Look for a reaction from here for a test of 200 SMA 11029 level.
S&P500
S&P500 is rejected from the 2800 level and weare seeing the test of the 2500 level.
EURUSD
The pair is in the consolidation triangle and is testing the 1.23000 level. Look for a reaction from here.
USDJPY
The pair is testing median line of the downside Pitchfork channel 105.800 level. We could see a bounce from here short term. A break below 106 level is required for a downside continuation.
AUDJPY
The pair is breaking below the 83.557 level of the upside support. Below this level we could see a downside continuation into the 75 level.
AUDUSD
The pair is breaking below the key level 0.7748 horizontal resistance level. We could see the dowsnide extension into the 0.7600-0.7626 zone.
NZDUSD
The pair is testing the 200 SMA 0.7269 level again. Look for the reaction from here for an upside extension or for the downside continuation.
USDCAD
The pair is testing the 100 SMA on a weekly 1.2978 level. This level needs to be broken to the upside for a test of 1.3200 level.
GBPUSD
The pair is rejected from the 200 SMA on a weekly chart 1.4396 level and is forming the consolidation triangle. Below 1.3800 level we could see a deeper pullback into the 1.3200-1.3500 before any chance of continuation higher.
Bitcoin
The instrument is pulling back from the 19640 level forming the large bearish shadow weekly candle. We are seing the fall into the 6000-7000 zone after the H&S formation and the instrument is reacting higher from here. The key upside extension level is 12500 and the key support zone is 9000-9600. Look for a possible break of the 11700 this week.
ETHEREUM-ETH/USD
The instrument is in the consolidation 750-800 zone. The key upside extension level is 1200.
The weekly preview will give you an important insight into the long-term price action. Look for strategic trend direction clues in this analysis.
Technical analysis on instruments listed here is just an indication of possible price movement and does not indicate any trade action which could be initiated by investors and members of this site.</s</